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20121114
20121114
Search Results 0 to 9 of about 10 (some duplicates have been removed)
conference since the election. and israel retaliates for rocket attacks with deadly strikes and extremist targets. now hamas is warning that the gates of hell have been opened. i'm wolf blitzer. you're in "the situation room." >>> eight days after his re-election, president obama faced reporters in the midst of an unfolding scandal and with a potential economic crisis holding over his head. but he only got riled up when he responded to republican criticism of his united nations ambassador susan rice. more on that coming up. standby. but first, the president's careful responses about the investigation of this former cia chief david petraeus and on negotiations to avoid what's called the fiscal cliff. our white house correspondent jessica yellin was over at the east strip of the white house. you had a chance to speak to the president and ask him about that looming fiscal cliff. >> reporter: hi, wolf. that's right, i did. i asked the president why anyone should believe that he won't cave off of his position that he will not extend bush tax cuts for the wealthiest since he did just that in 20
economic thinkers, george gilder, also the author of the "israel test," just released today. >> i it is great to be here. lou: let's start some politics. i think rationally so. we are faced with economic calamity if our politics don't work here. what would you put the odds at that busy rationality and effectiveness reemerge from washington, d.c., on the fiscal cliff? >> zero. lou: i thought that. >> if we can keep the current tax rates, we would continue to increase government revenue. increasing 26% under the bush tax rates over the last two years. over the last two years, government revenues have risen 26%, almost a quarter using the buss tax rates. low tax rates bring more revenues, not less revenues. lou: do you interpret all of the drama to be a lack of faith? in front of the growth model that has been demonstrated, as you point out, over the past two years. they are really saying the economy cannot grow fast enough to support the government. we will not see revenue increase unless we raise taxes. >> that is correct. the pre-verse thing is you don't get growth if you raise ta
is turning to it, i suppose. i want to turn to this book, "the israel test." you take up e issue of the world civilization, importance israel within it. as a capitalist as well as jewish state. you reallyelve that israel is that strong, that important in the world's future? >> i certainly do. the american economy is heavily dependent on israetoday, partly because of the debauchery of silicon valley, but now israel is a crucial sourcef new technology for apple. all apples, flash tribes, just bought a new israeli company to empower its new technologies. microsoft, cisco, johnson and johnson. the dependent on technologies that come from israel. they're deeply dependent. obama seems to think that the the tips is more important in israel or turkey is more important. israel is the most important technology force in the world next to the unitedstates, and if we keep on ou current path rael will benumber one. lou: always good to talk with you. >> great to talk to you. lou: you can find a link honor loudobbs.com. forty-eight days until the fiscal cliff. can the president and congress make a deal to av
-800-medicare. >>> turning to the middle east. aljabari's car came after benjamin netanyahu warned that israel would retaliate for the increased rocket attacks from gaza. this was a first in a series of air strikes. eight so far in gaza today. i want to bring in sarah who is joining us from jerusalem with the latest on this. this was a very big deal here. i mean, he was very important symbolically and also in the military. >> absolutely. s he was head of the military wing of the merl wing. he was killed today in an air strike along side another person inside of a vehicle. we are getting conflicting reports. one says that was his bodyguard. a website from the military wing says that was, indeed, his son. it could be one in the same person, but we do know that at least six people have been killed in air strikes. we now are up to 11 air strikes over the past several hours. israel has been flying over gaza and hitting very targeted areas and looking for certain targets specifically. what we also know from israel is that they are prepared for a ground war. however, they have the boots, they have th
of israel that israel has conducted a military action killing a senior hamas leader. an air strike in the gaza area killed the head of the hamas military. one of the things a number of traders heard about that earlier but one thing is an israeli military spokesman says this is the start of a broader operation. so that is one of the things. it seems to have the market a little bit on edge and has them bidding up oil at this hour. the one trader i talked to said between the tensions between israel and hamas if we'll see that spiking up obviously israel and syria over the last few weeks, that's better than israel and iran. back to you. >> that's true. bertha, thank you very much for that. congratulations if you are hold cisco shares coming into this session. they are experiencing a good bump on last night's results. we'll talk about what they are doing right and whether risks lie ahead next on the program and who would be affected the most if we go over the fiscal cliff? we'll get up close and personal with the cliff and as we head toward the break, another fiscal cliff fact. >> if la
not get any help. melissa: we had the word israel killed military leader. there was video from the air, so looking at oil if it higher. are we not? >> it was kind of strange because earlier in the day, the market did not move. and all of a sudden we rallied based on that move. i heard something else about the pipeline, we were up on that news. going forward, kind of fold your hands and say wait until the end of the year to get an idea of where it would go. i think the high today was 87.06 or thereabouts. i think the market is going to kind of find its way around $85. liz: oil down 12, 13% year to date, but equally as interested in today and the news out of the federal reserve minutes that may see cuti q. east four. >> do not have that much reaction in equities, but certainly the bond has not been sharing the risk mentality. up pretty much all day. basically they now say numerous governors are thinking there should be something to continue the twist, so realistically that could be an issue. what we are seeing is the bond not very risky. the vix is not going up, so realistically people are n
assault cease-fire for the past 24 hours along the israel border. and taking a 54 congressional committee today. refusing to answer questions from the committee. the tainted steroid use is responsible for 32 deaths. president obama will be holding his first news conference since march and just about an hour from now. the president acted to address the looming fiscal cliff reportedly call for $1.6 trillion in new taxes over the coming decade. we will bring it to you live on the fox business network when it happens. does the headlines making news this hour. back to you. dennis: thank you, uma. president obama an hour or so late meeting with ceos. wall street ceos not on the list, not invited. the capital market and regulation, joining us now. an industry bipartisan trade group. it looks like obama's relations with the things have improved. does he look ready to make peace? >> piece has to be made. sort of like the same situation of fiscal cliff. they have to get together and figure out the best way to go forward. dennis: keeping the regulations with an onslaught of dodd-frank regulations, t
sales came in this morning and prices were quite depressed. the military strike from israel, how precise it is. speaker there you go, middle east. melissa: thank you so much. lori: stocks down 80 points before the president speaks to make a case for higher taxes. nicole petallides on the floor of the new york stock exchange with more. nicole: higher taxes are something to mull over. a lot of people on wall street have postelection blues, and now fiscal cliff blues. look at the major market averages down 81-point head of the president's speech, the tech heavy nasdaq has moved into correction territory. let's take a look at two retailers. abercrombie and fitch and theirr aeropostel. they had strong sales abroad, strong margins. talk about the u.s. with healthy growth outlook there as well. and they look at aeropostle. they bought the online retailer would've just went onto from where our self with it. back to you. the one breaking news. melissa: house subcommittee reports blaming the corzine position in the blast, headlines hitting right now. the representative choice sealed mf global fait
Search Results 0 to 9 of about 10 (some duplicates have been removed)